Home › Forums › Housing › ARM reset rate … drumroll please › It’s been a while… here’s
It’s been a while… here’s an update …
2010
March 12-month LIBOR: 0.84 fully-indexed ARM reset RATE : 3.125%
April 12-month LIBOR: 0.92 fully-indexed ARM reset RATE : 3.25%
May 12-month LIBOR: 1.01 fully-indexed ARM reset RATE : 3.375%
June 12-month LIBOR: 1.2 fully-indexed ARM reset RATE : 3.5%
July 12-month LIBOR: 1.17 fully-indexed ARM reset RATE : 3.5%
Short term rates would have to increase by 2-2.5% from today’s rates to exceed the start rates of 5.5%-6% for the 5-year ARMs originating in 2005.
